'Like 2009 Without the Fear': Best Quotes of 2010

by Arkansas Business Staff  on Monday, Dec. 27, 2010 12:00 am  

"Paying attention to the little details, I think, has helped. Along with some hard praying." - Tim Morton, executive chef and general manager of 1620 Restaurant in Little Rock, on how his restaurant has managed to survive in a tough economy.

"Once you breathe life into a business they take care of themselves." - Little Rock developer Steve Clary, explaining to the trustee in his $168.6 million bankruptcy how he kept track of his far-flung business dealings.

"Hello. We have closed Kiefer Retirement Services. You will need to find another adviser to help you with your investment needs. Alice and I have greatly enjoyed serving you the past years. Thank you. Goodbye." - The voice of Steve Kiefer on his Little Rock investment advisory firm's answering machine in April, four months after he was initially fined $50,000 by the Arkansas Securities Department for fraudulent mutual fund sales practices.

"It will be the kind of money that comes riding in, often from out of state, by people who don't know a local area in an attempt to influence elections to satisfy someone's national agenda. I think it has the potential for being disruptive." - Retiring U.S. Rep. Vic Snyder, D-Ark., on the Citizens United decision in which the U.S. Supreme Court ruled that corporations and unions are free to spend unlimited sums on political advertisements advocating for or against a candidate.


"This bankruptcy is a sham and was only filed to hinder, delay or defraud Deltic [Timber Corp.] from taking possession of its own property. This bankruptcy is like the projects of [Sam] Anderson and [Stephen] Walker ... all doing business as Phoenix Renewable Energy, and a myriad of other entities where they take good folks' money and it magically disappears, with nothing to show for it." - Attorney Judy Simmons Henry of Little Rock in a bankruptcy court motion to evict Walker from a nearly $600,000 Hot Springs home owned by Deltic Timber.

"He destroyed lives and life savings and he knew what he was doing and he didn't care." - Dale T. Pike in a letter asking U.S. District Judge Leon Holmes to throw the book at John Mills, the former CEO of defunct Affiliated Foods Southwest of Little Rock. Mills was sentenced to 41 months in prison in connection with a check-kiting scheme.

"As I have said many times, this agency is much bigger than anyone [sic] person and will continue on regardless of whether I have a personal agency license or not." - Steve Standridge in a March e-mail to employees of Steve Standridge Insurance Inc. of Mount Ida after the Arkansas Insurance Department stripped him of his insurance license. By November, the last of what had been 18 offices had been sold.

"Put all of your eggs in one basket and then very carefully tend your basket." - Martha Murphy, testifying in a lawsuit against the IRS about the investment philosophy of her father, Charles Murphy Jr., the architect of Murphy Oil Corp. and Deltic Timber Corp., both of El Dorado. 

"My husband is 80 years old. .... He's on the back nine of his life. Don is unable to do talks and signings like he used to." - Mary Anne Shula, tearfully explaining why she and her husband, NFL Hall of Fame Coach Don Shula, couldn't afford an additional $3,400 in annual taxes on their 12,000-SF Florida home. Mary Anne Shula was also in a dispute with her former stepson, Warren A. Stephens of Little Rock, over a trust fund that was created to provide her $1 million a year in alimony for the rest of her life.

"If the Medical Board would have pulled his license the first time, instead of making a deal with him, that would have saved some lives." - Fort Smith attorney Phillip Milligan, who represents the family of one of 10 patients who died while in the care of Dr. Randeep Mann of Russellville. Mann was convicted in August of the bombing that almost killed the chairman of the Arkansas Medical Board, Trent Pierce.

"Through today, certain former Timberland Bank board members have waged a whisper campaign of denial and blame-shifting to Mark Turner. He was the convenient fall-guy for the bank's failure as 'senior loan officer.'" - Attorney Robert Trammell of Little Rock, defending a client who would later plead guilty to two counts of bank fraud. He is scheduled to be sentenced on Jan. 24.



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